Ebay 20th anniversary: Online auction giant celebrates 20 years of buying and selling September 4, 2015 Auction site eBay yesterday marked its 20th birthday – and it has come a long way since computer programmer Pierre Omidyar began the business, listing a broken laser pointer pen as his first item for sale. Amazingly, as he found a buyer, Omidyar knew he was on to a winner. The US-based company [...]
Paypal’s new peer-to-peer payment service Paypal.me makes it even easier to send people money with just a link September 1, 2015 With just a tap of your phone – or even your watch – it’s never been easier to pay people back. Now Paypal wants to make it even easier, with a personalised URL. This could be a good thing in the age of an ever-growing “sharing economy”. Asking friends for money back after footing a [...]
PayPal valued at just under $50bn as it soars past EBay on Nasdaq July 21, 2015 After its first day back as an independent company, PayPal is valued just under $50bn (£34bn). Read more: EBay revenue jumps 7pc as PayPal spinoff draws near The online payments company's share price closed up 5.43 per cent on its first day of trading after splitting from parent eBay, after initially soaring 11 per cent in [...]
Ebay revenue up seven per cent as PayPal spinoff draws near July 16, 2015 The figures Revenues at e-commerce giant Ebay jumped seven per cent to $4.38bn (£2.8bn) in the three months to the end of June , according to a report released today. The company’s net income fell to $83m, or seven cents per share in the second quarter, from $676m in 2014. Ebay has announced an additional $1bn [...]
PayPal sets up cyber security centre in Israel and buys startup CyActive March 11, 2015 Online payments company PayPal yesterday announced it was establishing a cyber security centre in Beersheba, Israel, and has bought local startup CyActive to help to launch the development. PayPal, which is due to be spun off from eBay later this year, did not disclose financial details, but Israeli media have said the purchase was worth [...]
PayPal boosting cyber security with buyout of Israeli CyActive March 9, 2015 ONLINE payments company Paypal is set to expand its cyber security business with the acquisition of the Israeli tech firm CyActive, it emerged yesterday. The $60m (£40m) buyout of CyActive will be Paypal’s second acquisition of an Israel-based company, after it purchased FraudSciences in 2008 for $169m. CyActive was founded in 2013 and provides companies [...]
PayPal and Shell partner up for mobile payments at the pump February 9, 2015 Mobile payments are coming to the petrol pump from April as part of a partnership between PayPal and Shell to enable drivers to pay directly on their smartphone when filling up at Shell’s nearly 1,000 UK petrol stations. Using either the Shell motorist app or the PayPal app drivers can select the station and pump [...]
PayPal co-founder Peter Thiel talks quarter-life crises and how to tackle the state November 2, 2014 It's not every day that you get to speak to Silicon Valley royalty. And Peter Thiel, co-founder of PayPal, first outside investor in Facebook, fund manager, and leader of multiple firms, is a dynasty heavyweight. Having just published his new book, Zero to One, he’s keen to talk about some of his latest ideas. [...]
Why PayPal co-founder Peter Thiel thinks luck will get you nowhere October 13, 2014 Harriet Green explores the tech billionaire’s contentious views on setting up a business. Co-founder of PayPal, first outside investor in Facebook and seasoned venture capitalist, Peter Thiel is Silicon Valley royalty. His new book, Zero to One: Notes on Startups, or How to Build the Future, offers a series of insightful – and often [...]
EBay takes Icahn’s advice to spin off PayPal as payment service sees revenues rocket 19pc September 30, 2014 ONLINE auction site eBay yesterday announced plans to spin off its PayPal business in the second half of 2015, saying that to fail to do so would be “less advantageous to each business strategically and competitively.” The separation will ensure that the independent companies are able to “capitalise on their respective growth opportunities in the rapidly [...]